With soaring rates over the last 12 months interest in container freight rates has never been higher and Xeneta is partnering with Compass to launch a new container freight index.

Xeneta Shipping Index by Compass (XSI-C) offers a EU Benchmark Regulation (EU BMR) compliant index for rolling short-term Freight All Kinds (FAK) rates.

“The XSI by Compass, provides the most reliable and in-depth EU BMR compliant short-term ocean container freight rates available,” said Xeneta CEO Patrik Berglund.

“The unreliability of existing indices and their lack of transparency are what motivated us to create a new data source for the containerised ocean freight market together with the Compass team.” 

The new index covers eight major tradelanes published at 4-15pm daily London Time with rates valid for less than 32 days for a forty foot container. It is published on the websites of both Xeneta and Compass.

Source: Seatrade Maritime News